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Barnes & Noble Yoder Plaza, Newport News, VA 12170 Jefferson Ave

25,046 SF Retail Building Newport News, VA 23602 $7,866,208 CAD ($314 CAD/SF) 7% Cap Rate

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Investment Highlights

281 feet of frontage on Jefferson Avenue
Premium location for retail on Virginia Peninsula

Traffic Count: 53,435 Vehicles Per Day

Executive Summary

Triple Net Corporate Tenant Investment Sale
New 10-year lease renewal with expiration out to January 2035
New roof
Freestanding 24,860 sq. ft. building on +/- 2.14 acres of land; Zoned C1-Commercial
Premium location at ground zero for retail on the Virginia Peninsula
281 feet of frontage on Jefferson Avenue with 53,435 vehicles per day
Parking of 176 spaces with a parking ratio of 7.55/1000

12170 Jefferson Avenue Brochure

Property Facts

Sale Type

Investment

Property Type

Retail

Property Subtype

Freestanding

Building Size

25,046 SF

Building Class

Year Built

1997

Price

$7,866,208 CAD

Price Per SF

$314 CAD

Cap Rate

NOI

$550,635 CAD

Tenancy

Single

Building Height

1 Story

Building FAR

0.27

Land Acres

2.14 AC

Zoning

C1 - Commercial

Parking

170 Spaces (7.55 Spaces per 1,000 SF Leased)

Frontage

281 ft on Jefferson

Amenities

Bus Line
Dedicated Turn Lane

Pylon Sign

Signage

Signalized Intersection

MAJOR TENANTS

Retailer
24,860 SF
-
Net
Jan 2035

Barnes & Noble, Inc. est le plus important libraire au détail aux États-Unis. La Société compte des centaines de librairies aux États-Unis, ainsi que sa librairie en ligne sur BN.com, l'entreprise NOOK® Digital qui offre à la fois des livres électroniques et un service d'abonnement à des livres audio, le service éducatif SparkNotes, le détaillant de papeterie et de cadeaux Paper Source, et l'éditeur Union Square & Co. Barnes & Noble appartient à Elliott Advisors (UK) Limited et est dirigée par le PDG et libraire James Daunt, qui est également directeur général des librairies Waterstones au Royaume-Uni et fondateur et propriétaire de Daunt Books. Barnes & Noble a été fondée en 1971 par le libraire Leonard Riggio lorsqu'il a acquis le nom commercial et la librairie Barnes & Noble à New York.